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. >>> dangerous times how the fiscal cliff could affect people in california, stay tuned for ktvu channel 2 morning news. this is ktvu channel 2 morning news. >>> good morning, thank you for joining us this wednesday november 28th, i am pam cook. >> weather is changing and we are on storm watch right now and we have the first of several storms roaring into the bay area and expect rain and strong winds happening now. we have live team coverage and our crews are in san francisco who are at the richmond san rafael bridge. tara moriarty is watching the morning commute, where is that storm, we can feel it, right? >> now some of the heavier rain, we have to go back here but some of the heavier bands are beginning to inch into the north bay and you can see northern county as well as rushing river, we will keep an eye on that because it will be one of the focuses of the heavier rain nothing too bad yet but up into mendocino county, there will be heavy duty rainfall totals and so far there are only 3 / 100s for the south bay. coming up, mark is live at the richmond san rafael bridge, it lo
of this week, and things are slowing down and we're looking at a potential fiscal cliff stalemate. >> desmight republicans to put higher tax revenue from the wealthy on the table, democrats are scoffing. he they talked happy talk about are skofg.t we only have a auple of weeks to get something ouple of we have to get away from the happy talk and start talking aout specific things. dent obama hasbama has no new witht talks scheduled with congressional leaders but will cong phila suburban philadelphia aiday to press for an immediate bushto extend bush era tax cuts for m ers.blicans call that agningless electioneering. >> we congratulate him on his re-election. we don't know if he has enough todership qualities to push democrats. >> cost savings to health care aregrams like medicare and medicaid. everyry dollar that's ever been secured for anything is sacred. to they'll defend it to the wath, regardless of what it means for jobs or the economy. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these
two weeks -- >>> bus full of paiges crashes into a child's bedroom. >> avoiding fiscal cliff new poll reveals what americans >>> good morning many rain continues to focus on the north bay now it will begin to shift east and south winds 30 to 40 miles an hour from pacifica to half moon bay. you can see yellows continue to push into sonoma and marin that's where the rain is beginning to pick up. bodega bay, santa rosa light returns further south blue, not much happening here, a few areas of light showers from 580 along san francisco, the peninsula, very light returns into the east bay still quiet the winds definitely getting woken up by those winds in the next two hours, 7:00 to 9:00 the rain will continue to come down moderately not behind the front now until noontime, very active weather, still to come. >>> right now we want to take you back out for live pictures. you can see on your left is san rafael, folks there are getting wet and the winds are the big issue. we have a tweet who just mentioned in sonoma they are getting a lot of rain. on the right paca, along the coast where you w
when it comes to avoiding the "fiscal cliff." some republicans said they are willing to consider some tax increases but they are insisting on larger budget cuts to benefit programs, which democrats oppose. if all sides can't agree on a spending plan before the year's end, automatic tax hikes and across-the-board budget cuts will all kick in. >> we must do everything we can during this short period of time to ensure that middle class families are not hit with $2,200 a year in tax increases. >> i hope cooler heads will prevail as we move through the process. we need to be working together. >> president obama is trying to generate public support for his idea. he will meet with corporate executives at the white house then travel to pennsylvania on friday to push for higher tax rates for the wealthy. >>> after meeting with her harshest critics, senate republicans say they are even more troubled over u.n. ambassador susan rice's initial response to the deadly terror attack in benghazi. in a closed meeting yesterday, rice met with several senators including arizona republican john mccain. ri
to keep pushing for his ideas on how to avoid the fiscal cliff looming ated end of the year. all this -- at the end of this year. the president wants to extend tax cuts for middle-income americans while letting them expire for those people who earn more than $250,000 a year. coming up at 7:45, whether republicans and democrats are any closer to a deal. >>> wellge the nation's lowest housing -- well, the nation's lowest housing rate is in the south bay. only 3% are vacant. that translates to just 28,000 empty properties out of almost 651,000. nationwide apartment rents are expected to go up again next year. the national association of realtors rents will go up 4.6% because demand exceed supply. in 2014/2015, rents will probably go up more than 4%. nationwide they went up 4.1% this year. but here in the bay area, they are up more than 13%. >>> it is 7:5. a crane had to be us -- it's 7:35. a crane had to be used for a sink holt. these pictures are from a -- sinkhole. these pictures are from a neighborhood blog. it's not clear what caused the sinkhole or when it might be fixed. >>> l
public support for his plan for the fiscal cliff crisis. >> reporter: dave, the president is meeting with ceos, including those who backed mitt romney and then he will meet with middle-class families. he's trying to sell the plans for the fiscal cliff, those that kick in at the end of the month. now, investors grow increasingly worried about whether congress should be able to avert the crisis. democrats and republics are deadlocked on a range of issue including the president's plan to raise taxes. republicans say the proud should quit campaigning. >> he's back on the campaign trail, presumably doing what we're all familiar with. >> so to suggestion that we should -- now that the election is over stop talking to them about these vital issues, i think is bad add -- bad advice. >> reporter: reporting live from washington, d.c. alison burns, ktvu channel 2 news. >>> 400,000 unemployed californians are closely watching the fiscal cliff. that's because benefits are due to expire december 29th unless congress extends them. >>> well, texas city leaders are asking for advanced warning in the
or twitter, or email us at mornings@cbs5.com. >> still no deal on capitol hill to avoid that "fiscal cliff" at the end of the year. some republicans have said they are willing to consider some tax increase but they are insisting on larger budget cuts to benefit programs which of course the democrats oppose. if all sides can't agree on a spending plan before year's end the automatic tax hikes and across-the-board budget cuts kick in. >> we must do everything we can to ensure that middle class families are not hit with $2,200 a year in tax increases. >> i hope cooler heads will prevail as we move through the process. we need to be working together. >> president obama is trying to generate public support for his ideas. he is going to meet with corporate executives today at the white house, then travel to pennsylvania friday to push for highers taxes for the wealthy. >>> susan rice on capitol hill today again to meet with lawmakers. the u.n. ambassador is trying to explain comments she made shortly after attacks on the u.s. consulate in benghazi, libya. yesterday she met with three of her stro
the fiscal cliff and if presented they will -- prevented they will talk about the need for taxes going up. in the afternoon, president barack obama will meet with ceos with more than a dozen major u.s. companies including home depot and comcast. >>> for only the 7th time in history, the president's swearing in date falls on a sunday and following tradition, president barack obama will privately take the oath of office on sunday january 20th and then the public inoculation will be -- inauguration will be sunday. >>> he frequently visits the plaza and unusual charges started showing up on her husband's credit card several months ago. >> there was $700 at washington state. 2600 at mcdonald in nevada and $1.50 at embassy sweet and some -- suite and someplace i never heard of. >> the pub owner said he is spending $10,000 to upgrade his computer system and most of the banks had charges that were not theirs as well. >>> and a shooter targeted a house filled with people including children. we will have more from gilroy. >>> she was sexually abused in the $1,990. a science teacher she said abused
to debate so called fiscal cliff. your bloomberg silicon valley index a little higher. the new york man who claims to own part of facebook has been indicted for wire and mail fraud. he was arrestedézpk last month accused of0l"ty faking e mails m mark zuckerberg and fabricating other evidence to bolster claims he owns part of the social network. the lawsuit is spill(b stil pending. back to you. >> thank you. >> sandhya patel is here with weather. the last day or two, nice weather. >> enjoy it while it's lasts, right? we've had fog around tomorrow, more fog in the morning. mostly dry, then, storms move n we'll be talking about three storms when taking you outside. we're looking at fog. you can see high clouds moving in up above. let's check out live doppler 7 hd.ác@Ñ fog lifted a lit. -- bit. it hasn't cleared out. it's going to be likely dense again in patches roont. temperatures into 50s along the coast. 60 as cross the bay area. areas of fog overnight, wet, windy starting wednesday, more storms going into the weekend. three storms coming our way. tomorrow morning watch out for valley fo
to fall. >>> and we are just about to fall off that he can not mix fiscal cliff, who the president is depending on to get that deal done. >>> well, good morning, it is a brand-new day, november 27th, i am dave clark. >> it is definitely lighter fog. >> yesterday was really bad but today there are still a couple of pockets and the system will be here tomorrow. temperatures will start off 40s and 50s and we will and up in the 60s but we will have more on this coming up in about accept minutes. here is tara. >>> you can see traffic flowing well and at the san mateo bridge, we don't have nearly as much fog as we did yesterday and we have smooth sailing as you head westbound into foster city. let's head back to the desk. >>> we have new information on that police standoff that has blocked people from returning home to treasure island and christian captain has more. it is certainly changing and unfolding. >> reporter: yes, we just moved from san francisco to oakland and if you look, the information sign is illuminated over the bridge advising people there is no access to treasure island
more is known about whether and not government leaders will be able to avert the fiscal cliff. >> taxes go up for everyone, less money to spend and you don't buy anything. >> one of the benefits of shopping on line is that you can do it from just about anywhere. with most people back to work on sun insider monday we're asking on facebook if you made any purchases from your job? if you have not done any cyber monday shopping yet it is still out there still time to snag a deal. >> the stakes are high and we need to address this in a serious way. >> this is the thumb and louise crowd. the ones who dream of higher taxes and bigger government. >> is only the house would consider freezing tax rates for 90 percent of the moment american families >> people want to know if washington is any closer to avoid the dreaded fiscal cliff. we'll have the latest on progress after the break. >> 36 days and counting until the fiscal cliff and washington lawmakers are heading back to work after thanksgiving break. there are hints of compromise in the air. most americans understand the fiscal cliff is scary
:11, avoiding the fiscal cliff, are both parties willing to compromise. >>> plus dangerous fun, the new concerns about a popular party activity. >>> and a driver trapped in this dangling truck, how he was finally pulled to steady ground. >>> i have what science calls the nightly stuffy nose thing. i can't breathe, so i can't sleep. and the next day i pay for it. i tried decongestants... i tossed and turned... i even vaporized. and then i fought back with drug-free breathe right. these nasal strips instantly open my nose, like a breath of fresh air. i was breathing and sleeping better. [ female announcer ] exercise your right to breathe right. get two free strips at breatheright.com. hey it's your right to breathe right. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. truck as it dangled from an overpass >>> an oregon man spent nearly an hour trapped inside this pickup truc
of a grind. watching was born on with the fiscal cliff he is calling from some really big high-tech. his stated that 30 percent of people and those making more than that >> keep the mind that warm the fed wants lower tax brackets and he thinks the prop. 13 best guess there's really no right answer to approe fiscal cliff. the markets are nearing afternoon i and as we approach this he thinks and others think that the markets could go higher. it will be very edge as in to see where we end up. upper-class and most of america. we have a lot of work ahead o >> i think we should compromise. we have not heard that word in washington for what. >> will be back with winners and losers. >> the executive director of is salvation army warehouse has been fired after still a donated items were found in another storage facility. a hundred calls a tourism boxfuls a full work an estimated $2 million were taken from the salvation army warehouse in toronto. police said there was enough food to fill up three tractor trailers. an investigation was launched after a whistle blower alerted authorities last august
. >> will be right back. >> the fiscal cliff remains the focus today, as investors awaited further news on the negotiations. u.s. stock futures are lower in early trading. u.s. stocks ended the day lower, as read some comments sparked a late today sell- off. on tap for today, investors will get a look at the health of the housing market, when the census bureau work release of october's data on new home sales. later this morning, the federal reserve released the october edition of its beige book, a survey of regional economics. apple has reportedly fired the manager responsible for its troubled mapping software. richard williamson, who oversaw the mapping team, was pushed out by senior vice president eddy cue. will some follows in the footsteps of i o s software head scott forstall, who was fired a month ago after refusing to apologize for the maps launch fiasco. >> protesters are calling on the president to scale back his new powers. take a look at video from protesters last night. tens of thousands of people packed the tahir square last night in a demonstration that was mostly peaceful
the fed chairman to the president about thefully -- about the fiscal cliff. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. >>> consumer sentiment stalls at the end of november as uncertainty grew grew. the dow is -- uncertainty grew. the dow is up 19. nasdaq down, 1. s&p is flat. >>> the labor department released the weekly jobless report a day early because of the thanksgiving holiday tomorrow. first-time claims fell by 45 41,000 but the -- 41,000. but the number remains higher than expected because of hurricane sandy. 410,000 americans filed for initial jobless benefits last week. economists had expected the number to be higher. >>> and hewlett-packard's stock is up about .5 right now. this is after a 12% drop yesterday morning. investors started the selloff after hp's announc
cutting back on business travel before the potential fiscal cliff, usa today says. one company will spend $20 billion less in the next two years if the fiscal cliff happens. >>> the boston herald reports massachusetts highway safety director is resigning. sheila burgess came under fire because her driving record includes seven accidents, four speeding violations and a ticket for not wearing a seat belt. did we mention she's the highway safety director? this week, the governor said it was a screw up his words, to hire burgess for that job. she cites health reasons for her resignation. >>> and the telegraph says the pope says in his new book that christ was born earlier than commonly thought. he says dennis small made that mistake many years ago and nobody caught it. many believe he was born between 17 bc and 200 bc. >>> good morning, and happy thanksgiving! weather outside looking very nice as we expect high pressure to build in overhead. temperatures warming up very nicely toward the afternoon a little chilly early on today. but the latter part of the
in the s and p posted losses. was it greco's. >> in the fiscal cliff is inching closer and closer by the day tax increases and deep spending cuts take effect in five weeks. if lawmakers cannot reach a deal. with little progress being made in washington president obama is hitting the road. at paine has the story. >> the mood was optimistic earlier this month when president obama met with congressional leaders to work out an agreement to avoid this cliff. now the president is taking his case mr. obama met with small-business owners tuesday. today he hosted an event with middle-class americans and sits down with some of the nation's top ceos. friday he travels to a manufacturing plant in pennsylvania senate minority leader mitch mcconnell question the president. >> president saddam the law makers and working out with the agreement is back on the cam best-president obama >> the president got input outside the beltway. he wants to continue the conversation when business leaders, small business leaders, civic leaders, and labor leaders because everyone has a stake in this. >> lawmakers
much can evidence of real progress on avoiding the fiscal cliff. members of congress expect optimism today about the prospects of reach ago deal to avoid the sear of tax increases and spending cuts. democrats and the president wants to raise tax rates for the wealthy, republicans don't. there are more now breaking with grover nord qwest had gotten a majority of republican lawmakers to not support any effort to raise taxes. this morning, senator lindsey graham said that for the good of the country he is ready to violate the antitax pledge. >> i think grover is wrong when you can't cap deductions and buy down debt. i want to buy down debt and create jobs but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> it's not clear when lawmakers and the president will meet next. >> fans of comediancast william are suing him after a performance in oklahoma. >> we now know what is behind a gas explosion in massachusetts. >> the items you'll most likely see the biggest discounts on cyber monday. >> leigh: ifit's a dry weekend.
to reserve is the fiscal cliff. it's a big change for those who swore an oath they would never raise taxes. david curly tells us why they are working on the change. >> with some of the holiday shopping done, president obama may be getting a gift from some republicans. republicans who signed a pledge never to raise taxes. this morning, a leading senator. >> i will violate the pledge, long story short, only if democrats will do entitlement reform. >> he says he won't necessarily abide by the pledge. support from a local house member, too? >> i agree with him. a pledge you signed 20 years ago is for that congress. the world has changed. the economic situation is different. >> they are talking about this man's pledge. americans for tax reform grover norquist who has gotten hundreds to sign. >> do you feel like you and your pledge is under assault? >> no. what the pledge allows elected officials to make it clear to the voters where they stand. are at the they going to be able to raise taxes or continue more of the tame saim. >> he will help fund republican challenges against any member of congr
and republicans are each setting up their approach to avoid the fiscal cliff. events this week were aimed at selling his remedy including allowing higher taxes on the wealthy. republicans are claiming that he should instead be sitting down to talk more with them. >> it seems like our president is having some sort of difficulty turning off the campaign. we need to sit down and work this matter out. >> there is little progress with the republicans which is disappointing to me. i they talked some happy talk about revenues but we only have a few weeks to get something done. >> of republicans have had their own meetings. the fiscal cliff is a series of tax increases and spending cuts that economists predict could send the u.s. into a recession. former senator bob dole of kansas has been hospitalized. not many details were replaceleased. his name was mentioned on the senate floor today. dole over came disabling work injuries to perform his 26 year political career. >> hector camacho camacho died saturday after being shot outside a bar. during his career the flamboyant boxer had a long string of
, d.c., the president meeting with corporate executives today discuss that fiscal cliff. scott mcgrew got on the silicon valley's name. >> president obama has met with many ceos, and while lots of ceos have experience and wisdom to lend him, got to see this in a bit of a political light as well. melissa meyer, for instance, is brilliant but probably knows very little about public policy. she's an engineer, so the president getting advice, but drumming up support among the powerful for his version of what we should do about the cliff. myers spoke in a fortune magazine clip last night. her secret, she says, is prioritizing, she referred to green bay packers vince lombardi's three priorities, god, family and the packers. >> for me, it's god, family and yahoo! in that order. >> why the packers comparison? meyer drew up in wasaw, wisconsin. >>> we go back to the summit on highway 17 and check in with bob redell with the wind conditions there. bob, luke soaked? >> reporter: yeah, it's slightly wet up here. we've got a break, that's one thing that chp is pointing out just because the rai
to the suspects. >>> warning from the fed chairman to the president and congress about that fiscal cliff. >>> pretty rainy on san mateo bridge and the weather could also effect flights into and out of sfo. we'll have more of that coming up. ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. brings light and fragrance together, to create a mesmerizing experience in your home. try the new color changing candle. something in the air wick. >>> welcome back. time now 5:13. president obama is back at the white house this morning after his whirlwind trip to southeast asia. here is video the president returning to joint base andrews in maryland after midnight last night. the white house says the president trip was successful in showing that asia is strategically important to the u.s. especially as a trading partner. and the white house says the president's visits to myanmar and cambodia demonstrate how the u.s. example can influence other countries. >>> ben bernanke is
the money and run. whatever happens with the fiscal cliff taxes on the very >>> good morning. winds gusting in excess of 30 miles an hour at our coast, wind advisory throughout the entire bay area -- [ inaudible ] wind warning at our coast we could see winds there in excess of 60 miles an hour through 11:00 this morning. >>> we'll continue to keep an eye on those winds. residents on the peninsula will be keeping an eye on a slipping hill slide where a mudslide happened earlier this month. a water main break caused this mess along several streets in daly city november 13th crews have been going around the clock to shore up parts of that hill to keep debris from flowing into the neighborhood daly city has spent almost half a million dollars to repair the damage. >>> in iraq residents of a baghdad neighborhood are cleaning up following a car bombing the blast killed five on a day when insurgents launched taxes against security forces and civilians in central and northern iraq yesterday, 30 were killed, dozens wounded. >>> in egypt several hundred protesters continue to clash with police in cai
like he is still campaigning. to make the public case for strategizing the fiscal cliff. friday he will be meeting with business owners, small business owners. at the white house today the president will meet and tomorrow with middle-class americans. >> an 18 year-old accused of killing a man and injuring and police officer will be arraigned this week. here is a video of the other suspect in this case who was in court last wednesday. there china find a connection between the two. both are being held for murder, armed robbery, and attempted murder of a police officer. the drama of a 14 year-old boy charged as an adult with attempted murder sexaul assault and kidnapping of a 65 year-old woman has been postponed. caviar king was scheduled to be arraigned in court yesterday. authorities say he of the to the woman at dusk force to drive several miles away where he assaulted and beat her before leaving her in a ditch. police described attack as random. >> the two leaders will be remembered today. the commemoration will have two parts of the ceremony on the steps of city hall at 430 this
an agreement of tax increases and spending cuts in the so-called fiscal cliff. without a deal the fiscal cliff could trigger a recession next year and congress must act by january 1st in order to avoid that automatic tax increase and spending cuts. >>> time is 6:15. a new stumbling block for hillary clinton's chances to reach a middle east cease fire. a bus explosion in tel aviv. alison burns is live in our washington, d.c. newsroom. alison. >> reporter: dave, we received a statement from the white house within the past hour calling the attack on innocent civilians outrageous. israelis say it was a terrorist attack the bus bombing in tel aviv hurt at least 18 people. three seriously. hamas praised the attack but did not claim responsibility. secretary of state hillary clinton who is in egypt at this hour also issued a statement saying the u.s. strongly condemns the attack and ready to provide any assistance that israel requires. secretary clinton is is calling for a truth and longer term agreement. >> the goal must be a durable outcome that promotes regional -- >> reporter: prior to the bus b
and the fiscal cliff we're talking not add the in the year. if that happens and we go over the cliff consumer drop spending could drop by nearly $200 million next year. this is why investors are a little apprehensive. >> people do believe in the class and they understand that it is no joking matter. --cliff the poll indicates 17 in 10 americans are calling for a compromise on the issues. they are pessimistic about anything actually happening. one out of four people say tax increases and spending cuts will it cause a crisis. >> the giant l'oreal is buying the edgy private cosmetic company urban decay. it will give l'oreal another entry into the specials as brands. urban decay makeup is sold through specialty retail stores like so fora for online shops. this deal will give l'oreal extended reach. we will take a break in here as aid look at our toll plaza. the fog is a real problem as we're watching the news began to back up. we will talk to george st of the drive times are slowing down. fog typically means delays that s f o and they are beginning to become an especially for are arriving flights
the dreaded "fiscal cliff." if they don't reach a deal by the end of the year, tax hikes and across the board budget cuts will automatically kick in. susan mcginnis has more on today's efforts to get democrats and republicans a little closer together. >>> reporter: president obama will begin a media blitz this week highlighting his efforts to steer clear of the "fiscal cliff." he will first meet with small business owners at the white house today. at the other end of pennsylvania avenue, fellow democrat senator dick durbin will give what's being called a major speech laying out a case for a bipartisan deal. durbin's a member of the senate's gang of 8, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for 2 1/2 year. democratic senator mark warner is also in the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore not because the programs are bad but because thank goodness we're living a lot longer. >> reporter
sending the country off the fiscal cliff. congress has 45 days to come to an agreement on deficit reduction and if they don't spending cuts will go into effect january 31st. both sides are willing to compromise. >>> it is my decision to put them down and violate the pledge, long story short only if democrats will do entitlement reform. >> the key sticking point is what 0 do -- to do about taxes. they want to raise taxes and republicans don't want to. they are willing to cap certain deductions. >>> and perspective police officers, you can start applying for jobs at the san francisco police department this morning and they will start accepting applications for entry level police officers. eligible application cans have to be at least 20 years old, have a valid california driver's license and high school diploma or equivalent. it will end on friday december 7th and the starting pay for a san francisco police officer is 88,000 dollars a year. well for the san francisco 49ers there are quarterback questions all over again. it happened for the second straight game for the quarterback a
-- with the keurig vue. little progress on the "fiscal cliff" talks in washington... translated to zero gains on wall street today. the dow closed the day down 89-points.. taking a sharp drop during afternoon trading after senate majority leader harry reid expressed frustration about the negotiations. both the nasdaq and s- and-p 500 also posted losses. a day after announcing they had lost wide receiver kyle williams for the year with a torn acl, the 49ers have also lost frank gore's backup kendall hunter with an ankle injury. (male announcer): now, here's stanley roberts who found people behaving badly. blog. this is not difficult to find these collection bins. they would believe that your donating things for charity. >> how are you are donating because that is what is on the box. and yes, they will word is used words like to donate but it says for profit. and the interesting thing is that they do not even know how they got here. this one and safeway has been here for a while. these are right outside of a rite aid have been out for four years. and this out of an auto repair shop showed up an
with the fiscal cliff. >> after several days allowed the students are going back to school today first would take a live look outside and it is breezy and outside we will be right back. >> in world news this morning tens of thousands of children are returning to school in the gaza strip today. a small sign of the messy after eight days of fighting between israel and hamas. as the cease-fire continues to hold in the middle east. israel carried out about 1500 air strikes against hamas link targets in gaza. authorities say more than a hundred and 50 palestinians were killed, including 33 children. >> in each of rising tensions between the government and protesters following president mohammed more reseed decreed they gives him sweeping powers. morrissey made the declaration and tar rear square he's giving himself temporary powers he says are needed to battle enemies of the nation. >> the bay bridge approach clean and it is a nice day. we will be right back. uz >> and just about perfect to do anything that you need to do outside. i hope that you can make it out to enjoy the sunshine. >> it will be be
the fiscal cliff. we are updated as lawmakers return to washington this week from their holiday break. >> reporter: after meeting with president obama before the thanksgiving holiday,. >> i want to welcome the congressional leadership here. >> reporter: congressional leaders expressed optimism to reaching more in tax increases and that is to take effect next year. >> constructive meeting with the president to talk about america's physical problem. >> we have the cornerstones of being able to work something out. >> reporter: they have been working behind the scenes to find common ground. the sticking points how to bring in more tax revenue and reduce spending on programs like medicare. but it is not yet clear when the lawmakers and the president will meet next. even if some progress is made this week. a final deal can be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline. i would be pleasantly surprised to see it, a deal emerge earlier than the end of the year. but we will see. >>> that was athena jones r
grant. >>> there is talk of compromise tonight on capitol hill to avoid the fiscal cliff. republican senator lindsey graham says he may break his pledge to anti-tax lobbyist grove norquist. >> i'm willing to generate revenue. we're below historic advantages. i will not raise tax rates. i will cap deductions and long story short for the good of the country only if democrats will do entitlement reform. >> all the president that i have served with including reagan, clinton and the first george bush moved away from the position of no additional tax. >> they all added revenues to deficit reduction. >> without a bipartisan plan the bush-era tax cuts are expected to retire jarn 1st and spending cuts may kick in as well. they anticipate a second face- to-face meeting with president obama as soon as this week. >>> also in washington republican senator john mccain backed off from fiery criticism of un un ambassador susan rice about the attack in libya. >> i think she deserved the ability to explain herself and her position as she said, but she is not the problem. the prose problem is that
-qaeda affiliates. >>> lawmakers trying to avoid the fiscal cliff, automatic tax hike for all americans, unless congress and the president can compromise. biggest obstacle is a pledge of no tax increases of any kind signed by most republicans. grover norquist is behind the pledge and has convinced thousands of republicans to sign the pledge in exchange for helping them get reelected. some republicans open to breaking the pledge say they will do it by closing loopholes but say entitlement reform must be part of the discussion. >>> do you think you are paying -- >>> good morning. home prices continue to climb nationwide up 3% in september compared to a year ago. in the san francisco area it was 7 1/2% compared to a year ago. meantime, watch for your landlord to jack up rent. recents are up 4.1% this year, watch for rents to go up 4.6% next year and 4.7 the year after. zillow buying hot pads for 16 million dollars, has 19 employees will stay in san francisco, zillow says the move will help it increase the number of leads it sends to landlords. watching ebay today, shares slightly lower stock hit a
to avoid the fiscal cliff. automatic tax hike and spending cuts for all americans unless congress and the president can reach compromise. biggest obstacle of no tax increases of any kind signed by most republicans. grover norquist is behind that pledge and has convinced thousands of republicans to sign in exchange for helping them get reelected. with fiscal calamity on the horizon some gop lawmakers are changing their tune. >> i will violate the pledge, long story short, for the good of the country. >> president has made clear he will not sign a bill that extends the bush era tax cuts for those making more than $250,000. >> some republicans open to breaking the say they will did it by closing tax loopholes they say entitlement reform has to be part of the discussion. >>> general motors has its eye on california to lunch a new electric car model. -- to launch a new electric car model. >>> an all-electric version of the chevy spark next summer starting in california and oregon nor less than $25 thaw -- $25,000, after a tax credit. if you are looking for the new wii-u. nintendo scram
but this job is showing an issue of the fiscal cliff and their people are going attention. the government started accepting donations in 1961. when somebody anonymously left $20 million to the debt. and since then, they continue to donate. from the states, taxpayers and even children and the bureau of public that wants to receive a coins right c classroom. some say that it is crazy but if you are feeling charitable you are welcome to to donate. you can even place a extra check with your income tax return. ♪ because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. a fresh-cut tri tip sirloin served with a succulent lobster tail. just $16.99. sizzler. (male announcer): now, here's stanley roberts who found people behaving badly. >> last week we took a look at the rules for political science and how long they are allowed to be posted after an election. the political-scien sc signs and ads and banners.. tonight i will take you to an east bay city were a tennis shoes wear tennis shoes hang from wires. >> the tasports is coming
30 we have to worry about. if congress doesn't reform taxes and avoid the "fiscal cliff" at the end of the year your tax bill could rise by the thousands. in years past, congress exempted most middle class and low-income families from something called the alternative minimum tax. if they don't renew that exemption, a family with two children making $90,000 a year could owe an extra $3,000 in taxes. >> we are going to see lots and lots of everyday people get caught. >> reporter: also on the chopping block a tuition credit for parents who have kids in college. in certain brackets if you have two students paying tuition, you could lose a $5,000 credit. that's $5,000 out of your spending money. >> plan for difficult times. taxes are going up. so what do you do? if you're spending every dollar you're making now and your taxes go up, do you go in debt? or do you adjust your spending? >> reporter: those are just a few examples of what is at stake here. while congress has until the end of the year to solve some of these problems, the uncertainty is really affecting almost everyone. not know
. and dealing with the loving fiscal cliff looming -- they will have to deal with this to avoid tax increases and spending cuts at the net jones has the latest on the negotiations. >> after meeting with president of,. >> let me welcome the congressional leadership. >> expressed optimism to avoid $500 billion on tax increases and spending cuts next year. >> we have a very constructive meeting with the president to talk about the americans financial problems. >> we have a cornerstone to fig. >> the have working behind this seemed to work together to bring in tax revenue and reduce spending on medicare but it is not yet clear what lawmakers will meet next. even if some progress is made a final deal could be a long way away. >> we rarely see the hill and the white house make decisions early they do better when they have a deadline so i would be pleasantly surprised to see a deal emerge earlier. by the end of the year, so we will see. >> tax hikes and steep spending cuts will take place next year. >> 8:41 first, this live look outside at san francisco still very foggy. there are some bridge adviso
'll be watching the starting at 6:30 with the opening bell. >> americans understand that the fiscal cliff is no joke two-thirds say that they understand that this would be a problem if they would not comply. also according to this poll one of the forces that tax increases and spending cuts will cause a crisis. >> customers swarm stores and record numbers for the black friday deals. 247 million shoppers. and that is more this year than last year and they also spent more. with the average person spending $423. on this four day weekend, id is $59 billion and that is also up from last year. it is a pretty good weekend for retailers. 41 percent of consumers are going to purchase items online this year and the bad guys are going to ponder those shoppers. and cyber gangs.. will have new and old internet scams to hijack accounts. one half are using web browsers with out any security measures or if they do they are out of date. experts are looking for bogus coupons and too good to be true advertisements with links on social media. if you need extra holiday crash perhaps go to or arizona or organ t
-business owners at the white house today. piddocks was supporthe fiscal cliff is a combination of scheduled tax increases and spending cuts that economist predict was in the u.s. economy into a recession. >> we will be right back as the kron for morning news continues. off to developing stores are all falling. one is a police standoff on treasure island with a robbery suspect. also a possible officer involved should out in milpitas. a live look at the bay bridge toll plaza light traffic for now. welcome back. new consumer credit data shows that more americans are falling behind on their auto payments. particularly between july and september. back-to- school needs and other needs are putting a strain on consumers' wallets. of dropping seven approving in the overall auto world. there is a new hope of making the rounds on facebook is the status of dates that are judged users to copy and paste the message declaring they have the rights the material they pose and the profiles. it has people where it that facebook will use the pictures and status updates. facebook respond sang " anyone who uses faceb
that the president has to win the battle over a fiscal cliff. he's got those on the left who doesn't think it is a cliff and he needs to get the business community to put pressure on the republicans to get a deal before christmas. the president is playing it right so far, making it about the middle class and get the rich people to pay their taxes. it's really a tough fight. if this were his only fight it would be a tough fight. >> let's turn back to rice for a moment and look at the substance of that. she acknowledged was what she did was repeat unclassified talking points that came from the intelligence communities. if she had classified information that was somehow different or would have added more to it, obviously she couldn't have said it on the sunday shows, but should she have been more direct that the information she was providing to the american people was at that point not just preliminary but incomplete? i guess the bottom line is did she mislead? >> right. i think the big question -- it is a question. we don't have the answer. was she a flack out there in politics, mouthing the
the impact of the so-called fiscal cliff. if there is no deal by january 1st there will be tax hikes and spending cuts will rest on those in congress to get the job done. >> the defense department immigration and customs enforcement and transportation should. ministration have all decided to go with i phones. they are switching because black berries have been failing to much during important times. one-third of u.s. consumers are thinking about buying electronic tablets this out of a season. according to a new poll a 22 percent of those who want one of the devices said it plans to cut back on their holiday purchases in order to afford that. apple remains the leader with 25 some people surveyed san there tablets of choice. 16 say they will buy amazons kindle fire. another 1571 a samsung galaxy device. on the 8% named the new ipad mini as the first choice. >> the celebrity that is constantly twisting and updating facebook cannot be who you think is they may be getting help from a new startup. companies like the audience help busy celebrities boost their fan base on social media. the au
a solution to the fiscal cliff. the white house as the two will be in the white house's private dining room. >> president obama today is meeting with middle-class americans in his effort to press congress to protect tax cut for families earning too much and $50,000 or less. and increased taxes on the wealthy. the president will meet later today with corporate executives. they are still attempting to hammer this out before this series of automatic tax increases and spending cuts are due to take effect in january. >> tracking gas prices of around the bay area we have seen the average of prices across the state. this morning 37 $3.73. the prize in san jose also down a penny at $3.67. oakland maze at $3.70 was sent this morning half the stations can be cheaper than what you see on your screen. >> if you are more than 90 days behind on your student loan payments you're not alone. the percentage of student loans more than three months past due is at an all-time high. that's according to the latest quarterly release from the federal reserve bank of new york. exactly 11 percent of student loan bala
. >>> now, let's head to wall street. >> good morning, nootly. after intense focus on the fiscal cliff negotiations, the markets could put the spotlight back on the european debt crisis amid a deadlock in greek debt talks. it's going to be a quiet day. it's the day before thanksgiving. u.s. economic data is not yet on the -- consumer sentiment data, jobless claims and an outlook indicator to give us guidance for the markets today. >> mandy drury, have a happy thanksgiving. >> you too. >> thanks. this could be the best night on the basketball court ever. jack taylor obliterated the ncaa record last night when he scored and scored and scored again. 138 points in a single game. making 52 of 108 attempted shots. the previous scoring record was set back in 1954 with 113 points. the feat is so impressive even the pros are tipping hats with kevin durant tweeting, jack taylor, you deserve a shot of jack daniel's after that performance. not going to help him out in his performance ahead. we'll talk to him, though, coming up shortly. which is fantastic. matt, savannah and al. >> his arm must hur
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